Apache Corporation (APA) Given a $42.00 Price Target by Stifel Nicolaus Analysts
Apache Corporation (NYSE:APA) received a $42.00 target price from Stifel Nicolaus in a report issued on Thursday. The firm currently has a “hold” rating on the energy company’s stock. Stifel Nicolaus’ price target would indicate a potential downside of 8.34% from the company’s current price.
Several other research firms also recently weighed in on APA. Royal Bank Of Canada reissued a “hold” rating and issued a $55.00 target price on shares of Apache Corporation in a research report on Thursday, July 20th. Cowen and Company set a $50.00 price target on shares of Apache Corporation and gave the company a “hold” rating in a report on Tuesday, July 18th. BidaskClub raised shares of Apache Corporation from a “sell” rating to a “hold” rating in a report on Tuesday, June 20th. Zacks Investment Research lowered shares of Apache Corporation from a “hold” rating to a “strong sell” rating in a report on Wednesday, July 5th. Finally, Wolfe Research lowered shares of Apache Corporation from a “market perform” rating to an “underperform” rating in a report on Monday, July 17th. Nine analysts have rated the stock with a sell rating, nine have assigned a hold rating and three have issued a buy rating to the company. The stock has a consensus rating of “Hold” and an average target price of $50.00.
Shares of Apache Corporation (APA) traded down 2.23% during midday trading on Thursday, hitting $44.80. 1,174,875 shares of the stock traded hands. The stock’s market cap is $17.07 billion. The firm has a 50-day moving average price of $41.91 and a 200 day moving average price of $46.96. Apache Corporation has a one year low of $38.14 and a one year high of $69.00.
Apache Corporation (NYSE:APA) last released its earnings results on Thursday, August 3rd. The energy company reported ($0.21) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.01 by ($0.22). The company had revenue of $1.38 billion during the quarter, compared to the consensus estimate of $1.41 billion. Apache Corporation had a negative return on equity of 1.03% and a negative net margin of 0.07%. Apache Corporation’s revenue for the quarter was up .1% on a year-over-year basis. During the same period in the previous year, the firm posted ($0.26) EPS. Analysts anticipate that Apache Corporation will post $0.03 earnings per share for the current year.
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In related news, Director John E. Lowe purchased 2,000 shares of Apache Corporation stock in a transaction dated Thursday, August 17th. The stock was bought at an average cost of $40.32 per share, with a total value of $80,640.00. Following the purchase, the director now owns 12,000 shares in the company, valued at approximately $483,840. The acquisition was disclosed in a document filed with the SEC, which is available through this link. Also, Director John E. Lowe purchased 2,500 shares of Apache Corporation stock in a transaction dated Monday, August 7th. The stock was bought at an average cost of $44.90 per share, with a total value of $112,250.00. Following the completion of the purchase, the director now owns 10,000 shares in the company, valued at approximately $449,000. The disclosure for this purchase can be found here. Insiders have acquired a total of 5,500 shares of company stock valued at $235,094 over the last three months. 0.48% of the stock is currently owned by company insiders.
Several large investors have recently modified their holdings of the company. Griffin Asset Management Inc. acquired a new stake in shares of Apache Corporation in the 2nd quarter worth approximately $211,000. Gs Investments Inc. acquired a new stake in shares of Apache Corporation in the 2nd quarter worth approximately $149,000. Sentry Investment Management LLC lifted its stake in shares of Apache Corporation by 214.4% in the 2nd quarter. Sentry Investment Management LLC now owns 92,158 shares of the energy company’s stock worth $4,417,000 after acquiring an additional 62,841 shares during the period. Toronto Dominion Bank lifted its stake in shares of Apache Corporation by 25.8% in the 2nd quarter. Toronto Dominion Bank now owns 128,867 shares of the energy company’s stock worth $6,176,000 after acquiring an additional 26,409 shares during the period. Finally, National Asset Management Inc. lifted its stake in shares of Apache Corporation by 47.7% in the 2nd quarter. National Asset Management Inc. now owns 27,562 shares of the energy company’s stock worth $1,322,000 after acquiring an additional 8,901 shares during the period. 95.00% of the stock is owned by institutional investors.
Apache Corporation Company Profile
Apache Corporation is an independent energy company. The Company explores for, develops, and produces natural gas, crude oil and natural gas liquids. The Company’s production segments include: the United States, Egypt and the United Kingdom North Sea. It also pursues exploration interests in Suriname.
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